The following questions are based on the problem description, regression results, and the RiskSolver Platform (RSP) Discriminant Analysis report below.
A college admissions officer wants to evaluate graduate school applicants based on their GMAT scores, verbal and quantitative. Students are classified as either successful or not-successful in their graduate studies. The officer has data on 20 current students, ten of whom are doing very well (Group 1) and ten who are not (Group 2) .
-Refer to Exhibit 10.1. What formula is entered in cell E26 of the spreadsheet to determine the Cut-off Value, assuming that the admissions officer wants to minimize the probability of overlap between the groups?
A) =E24+E25/2
B) =(E24+E25) /2
C) =AVERAGE(E4:E13)
D) =AVERAGE(E14:E23)
Correct Answer:
Verified
Q3: Exhibit 10.2
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Q34:
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Q40:
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Q41:
A counselor wants to classify people
Q76: Exhibit 10.1
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Q106: Exhibit 10.1
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